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SOURCE New Media Insight Group, Inc.
PHOENIX, May 6, 2014 /PRNewswire/ -- New Media Insight Group, Inc. ("New Media" or "the Company") (OTCBB: NMED), a leader in mobile payments, offers a unique CloudPay solution that is poised to be at the forefront of the mobile payment industry.
The mobile payment industry is gaining significant traction in the global retail market. In the US alone, mobile transactions have experienced 118% annual average growth over the last five years. As such, major credit card companies are rushing to break into the space through several integrative platforms. CloudPay operates through a unique, purely mobile-to-mobile application, that can save merchants up to 80% on their annual transaction fees and requires no additional hardware.
"As we see more and more shoppers and merchants utilizing mobile transaction options, we also see a significant push from major credit card and payment providers to penetrate the industry," stated Michael Palethorpe, CEO of New Media. "CloudPay is an innovative, mobile-to-mobile payment solution that we believe, is 'ahead of the game' in terms of technology and price points for these retailers. We are confident that as the industry continues to gain traction, CloudPay's best-of-breed solution will emerge as a prominent player in the space."
Merchants can find out more about mCards, Cloud Payments and other New Media Insight Group solutions at: http://www.newmediainsights.com
About New Media Insight Group, Inc.
New Media Insight Group, Inc. (OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched mCards, a system that allows merchants to accept mobile payments without any additional hardware other than an existing terminal that takes MasterCard. New Media Insight is employing a grassroots strategy to increase mCards adoption, focusing its efforts on building alliances with non-profits that already have strong relationships with merchants.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to any future sales of mCARDS, the features and security related to the mCARDS, any benefits that mCARDS may provide to medium and small businesses, and the company developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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